Adler Plastic and Adler Pelzer Group (APG) have purchased the Acoustic Division of STS Group, having received the green light from Antitrust authorities and secured other closing conditions.
The acquired Acoustics business segment consists of five plants, located in Brazil, Italy and Poland and is involved in the development and production of integrated acoustic and thermal systems, generating sales of EUR112m (US$132m) in 2019.
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“We are very proud of this market strengthening transaction, which enhances the position of the Adler Group and its subsidiaries in the Acoustics segment for automotive and commercial vehicle customers and paves the way for further development and management synergies,” said chairman of the management board of Adler Group, Paolo Scudieri and Adler Pelzer Group CEO, Pietro Lardini.
Adler Pelzer Group designs, engineers and manufactures acoustic and thermal components and systems for the automotive sector.
